Tag: Mosaic

Falling volumes of sulphur from refining and sour gas could turn Europe into a sulphur importer.

Paradeep Phosphates Limited (PPL) and Mangalore Chemicals & Fertilizers Limited (MCFL) have agreed to merge.

More than 900 delegates from 400 companies and 56 countries gathered at the Hilton Downtown Hotel, Miami, Florida, 5-7 February, for the 2024 Fertilizer Latino Americano (FLA) conference. The event was jointly convened by Argus and CRU. We present selected highlights from this year’s three-day conference.

We review potash mining and mineral processing methods. Advances in equipment technology and major project investments are highlighted.

Specialty fertilizer products represent a small volume, high value segment of the overall fertilizer market that’s been growing at around four percent per annum in recent years. Economic, environmental, regulatory and agronomic imperatives are driving up their adoption – and an overall shift from volume to value in the fertilizer market.

Biostimulants are emerging as mainstream products with major fertilizer producers – including Yara, Mosaic, Fertiberia and ICL – launching their own biostimulant lines and expanding production capabilities. Smaller innovative companies, meanwhile, such as Azotic and Fyteko, remain the mainstays of the sector and are continuing to being new products to market. Other players such as Den Nouden/GrowSolutions are targeting the expansion of organic fertilizers.

Ammonia pricing in the US Mid-West stood at $625/st f.o.b. in February, with applications to field continuing to ramp up. Prices in the US Gulf remain pegged in the low-to-mid$400s/t f.o.b. Recent production outages in the region have largely subsided, though an unexpectedly early uptick in seasonal demand from local buyers is likely to provide a degree of price support moving forward. The Tampa ammonia settlement for March has been settled by Yara and Mosaic at a $445/t c.fr rollover, largely in line with market expectations. The North American market remains detached from the considerably more oversupplied global ammonia scene.

Ammonia prices are expected to remain soft moving through January into February, with little in the way of price support from both a supply and demand perspective. January’s Tampa settlement was $100/t down on December at $525/t CFR.

With phosphate supply concerns persisting as 2023 draws to a close, CRU’s Senior Analyst Logan Collins looks back at what’s been a dynamic year for the global phosphate market.

CRU Events will convene the 2024 Phosphates International Conference & Exhibition in Warsaw at the Hilton Warsaw City Hotel, 26-28 February.